(Updates with closing prices)
TOKYO, April 9 (Reuters) - Japan's Nikkei share average
ended higher for a second session on Tuesday as chip-related
stocks rose and a weaker yen lifted sentiment.
The Nikkei rose 1.08% to close at 39,773.13. The
broader Topix gained 0.97% to 2,754.69.
"The market didn't find moving catalysts today but
sentiment was lifted by the index's rise on Monday after its
sharp declines on Friday," said Jun Morita, general manager of
the research department at Chibagin Asset Management.
The Nikkei jumped 0.9% on Monday after falling 1.96% in its
biggest daily decline almost in a month on Friday.
"And the market was also underpinned by the yen's weakness,"
Morita added.
The Japanese yen weakened 0.03% versus the greenback
at 151.86 per dollar, holding near a 34-year high of 151.975 yen
hit last month.
Finance Minister Shunichi Suzuki said authorities would not
rule out any options in dealing with excessive yen moves,
reiterating his warning that Tokyo is ready to act against the
currency's recent sharp declines.
A weak yen raises the value of overseas profits in yen terms
when firms repatriate them to Japan.
Chip-related shares rose, with Tokyo Electron ( TOELF )
jumping 3.53% and Advantest ( ADTTF ) rising 1.06%. Lasertec ( LSRCF )
climbed 3.43%.
Shin-Etsu Chemical ( SHECF ) jumped 4.44% after local media
reported the maker of silicon wafers plans to spend about 83
billion yen ($546 million) to build a microchip materials plant
in Japan by 2026, its first domestic manufacturing facility in
56 years.
Warren Buffett's Berkshire Hathaway, which holds stakes in
Japanese trading firms, has mandated Bank of America and Mizuho
to lead a yen-denominated bond sale, the IFR reported on
Tuesday.
Mitsubishi Corp ( MSBHF ) jumped 3.09% and Mitsui & Co ( MITSF )
gained 3.34%. Itochu ( ITOCF ) was up 1.36%.
Of the 225 components in the Nikkei, 166 stocks rose and 57
fell, with two flat.